🔴 UVIX is trading 7% down today as equity volatility eases post-Fed

UVIX is trading 7% down today as equity volatility continues to ease following the Federal Reserve's decision to keep interest rates unchanged.

• Major U.S. benchmarks and index futures are rebounding, prompting traders to unwind long-volatility positions established around the Fed decision and recent geopolitical tensions.
• Stabilizing risk sentiment and relatively contained credit spreads are further reducing demand for short-term volatility exposure, pulling the 2x leveraged ETF lower.